Question

Al find a new supplier. He can buy raw peanuts for $.30 for a pound. If he sells the peanuts in a .2-pound bags for $2.50 a bag, How much profit is made on each bag

Answer 1

$1.9

Explanation:

2 pound bag (when he bought) =.30×2=$0.6

when he sells, price is $2.50.

Profit for each bag= $2.5-$0.6=$1.9